Show MANY MANY IMPROVEMENTS IMPROVEMENT IN HOUSE NEWHOUSE NINE MINE HAVE TAKEN PLACE RECENTLY A number of inquiries have haf ben been ma mad madat l at the offices in this thu city relative to the causes for the im improvement m m. m provement in the tho stock To all nl of those who arc interested in the company compan anc and entitled to the information the rep reply has bAS been beon made that tho the property is now nov rounding out into a producer of magni mani magnitude mali tude that it will soon be sending a n nar wi th the 1 larger ar er output to the market markt and will be he increased in Mr Ir earning power himself wi is just Ut in in receipt of oil letters from tho property which show i marked improvement in conditions who is well posted on A mining minin man wel the conditions nt at t this mine has written writena a letter of recent date which gives gins tho thc following interesting interesting account of the property Mn Tn Ta the light of recent stock market activities whereby nearly every eyer producing pro copper company compan in the United States since last lasA fall has recovered in a measure from 25 5 fal to 75 per cent of is its former market valuation people na tur- tur ally ask sk what i is ia the matter mater with lew ew ew- with house mine mines The chief chef trouble this property in the writers writer's belief belef was too early earb dividends which impaired the thc company's funds Jack lack of work in blocking out a sufficient tonnage ton worl na nage nago o for blocking future milling purposes the hO miln high hi h cost of steam power and nd mie miJ tim tini timbering time bering bring and md on top of this came the big C eIve cave C of last ast spring As everybody who is is with the property knows all al the tho oro is is s d through a long tunnel through feet in length using electric haulage haulage When this cave occurred it bro brought b in iu inthe inthe hen the ni neighborhood of tons of this material down The most of it was waste matera and Jean lean ore of approximately lr 1 i per cent copper This waste material had to tobe tolie tobe dropped into the ore chutes and be lie removed Tho The management decided to run nin it through tho the mill mIl which accounts account for the small tonnage of tho the last six months month resulting in only pounds per month of copper This waste has bas been entirely eliminated now I The Tho C The company compan has hns been very fortunate fortu fortu- nate of lato late in securing tho the services of an n able superintendent T. T R. R Drumond Drum Drum- Bond ond late of tho the company He has introduced tho the caving system into the tho mino mine which had bad proved to be bevery bevery very ory successful at Bingham Elv Bin Bingham Elv and in in inthe the tle Boundary district of British Colum Colum- bia bin By means menns of this system all ores moved by bv gravity pa to the tile foot arc are mo cd o level lQ vel where it is by the tho electric elec dec inc locomotives to the tbt tunnel portal By this means the expensive i e timbering item iem has been eliminated to a large largo extent ex cx x t tent nt and nd the expense of explosives materially ma ma- tonally reduced T The Tle e mine mino at this thiR date has some 60 tU 1 I tons of good milling ore eral a averaging ng i about 2 2 per cent lying on on the various I tope levels level ready redy to cave cavo into the ore I bins and aud more oro ore is now blocked out than ever eyer before in tho the history of the mine particularly between tho the OO and levels le The Tho mill mi capacity is being 60 increased to handle bandle 1000 tons of ore day per The Tho company has nas secured through the Beaver Bea River Power company with R It plant situated at Beaver Utah an ample I supply of electrical power This company has installed two generators of kilowatt capacity canai each This power O is transmitted at volts to rower Newhouse where it is stepped steppe down to toa toa ton a n normal voltage of volts and every ery c piece picco of machinery on the property has bis been adapted to tho the electric drive This nen item alone will mean n a n saving of some a n year wi to the company compan This This and explosive explosive item with the large timber ani sive e Bi sive items wih eliminated together with the thelow thelow thelow low mining minin and milling costs will wi ena cna- bio blo the tho Newhouse mines to la lay down copper f fob New York at 8 S cents cent per pound at the vcr very highest On a 15 metal market this will WIl enable mines minea mine smelters to earn ear per share on its shares of capital stock On a n 10 per cent investment invest invest- ment meat this should enable mines smelters stock to soil sell sel around 15 per eb share are c The The company has just completed the tho installation of ofa a. a 75 horsepower variable speed p ed hoist with a 1 pound skip to open up tho the ground between and foot levels where a vcr very promising l bod body of high hiell grade has baa ha been opened up which conclusively ph shows that th tho ores continue good all the way down Cown which will m mean that the tonnage in siget ieM large Active development el de devel devel- toon oon toon will wi be very verv e work is being a aggressively carried car car- ned ried out out I It I is is tho the belief of everybody that the I troubles of Newhouse mines aro are past There may bo be minor caves in the tho future but these the c will wi soon be over oer with th for the mine is being prepared for them and they will wi prove pro of little couso conse quence They ThE will wm indeed be advantageous advantageous d to the company in more mora ways than one The company compan expects to be handling 1000 tons of ore daily by the first of January I |